After her third win in just five events, Carissa Moore just got much closer to realizing her dream of winning a World Title this afternoon in Rio De Janeiro, Brazil. Up against rival Sally Fitzgibbons, Carissa used a running left to do a speedy backside floater that shot her into a huge backside snap (below), essentially sealing the win for her in the finals of the Billabong Rio Pro at Barra Da Tijuca.

After the win, there are only two girls left in World Title contention—Carissa and Sally Fitzgibbons. Also of note is that Carissa Moore has been in every single final this year on the women’s World Tour.

With Stephanie Gilmore now out of the World Title picture after a semifinal finish, for the first time in four years there will be a new Women’s World Champion. “I’m going through so many emotions right now, it’s hard,” Gilmore said. “It’s been a pretty good year and Sally and Carissa (Moore) have been on fire. It’s good for the sport and good for me. I really don’t know what to say.”

The girls now have some well-deserved time off after five events in three months. The next stop is mid-July for the Roxy Pro France.

The electrifying action of the final day of women’s competition at Barra da Tijuca culminated in dramatic fashion with the world’s best female surfers going toe-to-toe with the highly-coveted 2011 ASP Women’s World Title on the line.

Moore and Fitzgibbons nearly matched scores on their opening accounts, but the young Hawaiian notched a solid 8.10 midway through the heat with polished backhand surfing on a lefthander that proved to be enough to solidify Moore’s third elite event victory of the 2011 season.

“I just went out there and had fun and to me there was no pressure in the Final,” Moore said. “I was just stoked to be in the Final regardless of how I finished. Obviously I’m happy that I won. The girls really didn’t go on those lefts, but they worked out for me today.”

Moore, who marched past local favorite Silvana Lima (BRA), 26, to earn her final berth, appeared in her fifth consecutive final out of the five events held this year and her victory at the Billabong Rio Pro extends her lead on the 2011 ASP Women’s World Title Season over current ASP Women’s World No. 2 Sally Fitzgibbons.

“I was really nervous that I wouldn’t make the Final because I was up against Silvana (Lima) and she’s the local favorite,” Moore said. ““I’m excited. We have two events left and it’d be nice to just finish really strong.”

Fitzgibbons built momentum throughout the Billabong Rio Pro, winning her non-elimination Round 3 heat before topping ASP Women’s World Tour Rookie Pauline Ado (FRA), 20, and Stephanie Gilmore (AUS), 22, but was unable to find the score needed to surpass Moore in the final and continues to trail the Oahu prodigy for the 2011 ASP Women’s World Title.

“It’s a long year and there are a couple of events to go and it has been great here competing in Rio for the first time,” Fitzgibbons said. “Looking into the next few events it’s really going to be about stepping it up and having fun and focusing on my surfing. Hopefully I can get a few more results.”

Moore and Fitzgibbons remain the only two surfers in contention for the 2011 ASP Women’s World Title.

Stephanie Gilmore, reigning four-time ASP World Champion, was lethal in her Quarterfinals heat against Laura Enever (AUS), 19, but was unable to find the score needed to surpass Fitzgibbons in their Semifinals matchup, finishing Equal 3rd overall.

“It was tough work out there,” Gilmore said. “Sally (Fitzgibbons) got a couple and I had some opportunities. I only needed a six and was too deep on that wave that came in at the end. Sally’s in the zone right now.”

Gilmore, who made surfing history by winning four ASP Women’s World Titles in four consecutive attempts, was knocked out of the 2011 ASP Women’s World Title race today, with her failure to advance past Fitzgibbons and into the Final. This historic moment in women’s sport proved emotional for the Australian icon.

“I’m going through so many emotions right now, it’s hard,” Gilmore said. “It’s been a pretty good year and Sally and Carissa (Moore) have been on fire. It’s good for the sport and good for me. I really don’t know what to say.”

Silvana Lima (BRA), 26, put on an impressive performance in front of her hometown crowd to match her best result of 2011. The talented Brazilian finished behind Carissa Moore in their Semifinals matchup and was happy to tie her best result of the season at her home event.

“I’m so excited to have matched my best result in front of my home crowd,” Lima said. “Of course I wanted to make the Final, but I’m so happy with my result and thanks to everyone for all of the support.”